AP - Hong Kong stocks jumped 4.6 percent in their first session of 2009, led by Chinese telecom companies after the central government approved licenses for next generation mobile phone services.

Digital music sales account for 18 percent of the U.S. music market and that figure will grow to 41 percent in five years, Forrester Research said in a report released on Monday. The report titled "US Music Forecast, 2008 to 2013" also forecast that 55 percent of U.S. online consumers will pay to download digital music in 2013.

Greece's largest telecoms company OTE said Wednesday its net profit increased 30 percent in the third quarter due to a strong performance in its mobile phone units.

AP - Greece's largest telecoms company OTE said Wednesday its net profit increased 30 percent in the third quarter due to a strong performance in its mobile phone units.

Singapore Telecommunications, the largest telephone company in Southeast Asia, said Wednesday that profit fell 12 percent in the July-September period as a strengthening local currency hurt the value of earnings from its units abroad.

Qualcomm reports a 22 percent decline in fiscal fourth-quarter profits even though a license agreement with rival wireless equipment maker Nokia helped boost revenue 45 percent.

Struggling chip maker Advanced Micro Devices Inc. said Wednesday it is cutting 500 workers, or 3 percent of its global staff, to help the company return to profitability.

Bharti Airtel, India's largest mobile telephone company, said Friday that record subscriber growth fueled a 27 percent rise in quarterly profit, but it missed earnings expectations on foreign exchange losses.

Mexican telecom America Movil reported on Tuesday that profits rose 32 percent in the third quarter on strong growth in its subscriber base.

Sony reported a 72 percent plunge in quarterly profit on Wednesday as a surging yen wiped out perks from flat-panel TV and PlayStation 3 sales, as well as box office revenue from the movie "Hancock."